Programmable Robots Market

Programmable Robots Market Outlook (2023 to 2033)

The global programmable robot market is expected to reach US$ 3.2 billion by 2023, growing at a CAGR of 12.1%. The industry is projected to generate sales of US$ 10.2 billion by 2033.

As programmable robots become more widely adopted in educational institutions, commercial sectors, and industrial settings, demand for programmable robots is expected to grow. Technological advancements and continuous innovations in these fields are fueling the market.

Research has demonstrated that biodegradable components can be used to build artificial muscles, opening up the possibility of compostable robots in the future. The field of soft robotics focuses on designing and developing robots made of materials such as elastomers, hydrogels, and textiles that are flexible and soft.

A new generation of materials and manufacturing techniques are being explored to meet these challenges, such as shape-memory polymers and programmable textiles that can change shape.

For instance, biodegradable artificial muscles are being developed by researchers Researchers have developed a new type of robotic actuator called an “artificial muscle,” led by Ellen Rumley, a graduate student at CU Boulder. Over time, robotic arms and legs can be operated in a lifelike manner and gradually become part of the soil as they decompose. Having robots produce technological waste and unsustainable disposal practices has been a significant development in the robotics industry.

2018 to 2022 Sales Forecast of Programmable Robots vs. Outlook from 2023 to 2033

Persistence Market Research (PMR) predicts that the programmable robot market grew at a CAGR of 16% between 2018 and 2022. Analysts predict that between 2023 and 2033, the global market will grow by 12.1%.

A wide variety of industries are adopting programmable robots, from manufacturing to healthcare and from education to healthcare. In healthcare settings, they are often used to assist with repetitive or monotonous tasks, perform hazardous tasks or operate in hazardous environments.

Many industries are revolutionized by programmable robots, which continue to advance as technology moves forward. Various industries have become increasingly dependent on programmable robots as they enhance efficiency, quality, safety, and productivity in the market.

A growing demand for technology-driven farming is attracting programmable robots to agricultural fields. Planting, harvesting, and irrigation are all accomplished with these programmable robots. As a result, crop yields are improved, labor costs are reduced, and efficiency is increased.

Which are the Key Market Factors Influencing the Programmable Robots Market?

The Rapid Advancement of Technology is Likely to Drive the Market

With the development of robotics technology, continued advancements in artificial intelligence, and the introduction of deep learning systems, the market for programmable robots is expanding rapidly. Continuing research and development for technological advancement will benefit the programmable robots market over the next few years.

Research and education systems can gain a deeper understanding of robot development through the use of programmable robots, which is one of the reasons why these devices are becoming more popular. The adaptability of programmable robots, which enables them to be used for a wide variety of tasks, is expected to make them a more popular product in the future.

Artificial intelligence enabled robots and drones are continuing to advance in their technology. The use of programmable robots is expanding to a variety of industries, including housecleaning, administration, and other end-use sectors. Robots can be programmed for a number of things, like detecting and destroying armed bombs. Robots with programming capabilities can perform tasks efficiently and accurately, which is extremely valuable in manufacturing.

Adaptable robotic systems can be reconfigured and reprogrammed to perform a wide range of tasks and operate in various environments, allowing industrial processes to be more versatile and flexible. Robots that can be programmed are capable of performing repetitive or monotonous tasks consistently without tiring or making mistakes. All these factors are expected to grow demand for programmable robots in the coming years.

Country-wise Insights

How does the North American Market for Programmable Robots Grow?

Innovative Trends in Education Sector and Demand for Interactive Learning is Growing Demand

North America is expected to dominate the programmable robots market. It is estimated that the North American programmable robots market will reach US$ 4,181.8 million by 2033.

Economic conditions, government policies, and technological advancements influence the market dynamics. The popularity and adoption of programmable robots have grown significantly around the world, including in North America. Recently, various programmable robot platforms and educational tools have emerged as a result of growing interest in robotics and coding education.

The growth of the IT sector and the development of high educational systems are driving the market for programmable robots. The United States and Canada are expected to see growth in demand for automation and interactive learning systems in the coming years to grow the market.

Contributing significantly to the market, the United States holds 78% of the market share during the forecast period. As the market for programmable robots grows at a CAGR of 10.9%, the market is predicted to reach US$ 3.3 billion in 2033.

Are Programmable Robots Making a Difference in Asia-Pacific Region?

Progress in Industrial Automation and Growth in the Service Industry to Grow the Market

Asian markets are expected to lead the way for programmable robots. According to estimates, the programmable robot market will be worth US$ 2,395.4 million by 2033. Asia Pacific countries, such as China, Japan, and South Korea, have invested heavily in industrial automation to increase productivity. Robots are widely used to automate a variety of tasks, including assembly line operations, material handling, and quality control.

Research and development in robotics are actively pursued by many universities, research institutions, and technology companies in the Asia Pacific region. The development of advanced robotic systems is becoming more popular for applications ranging from healthcare to agriculture to disaster response. Increasing demand for programmable robots in research and development drives the adoption of these devices.

Asia Pacific has a strong emphasis on manufacturing, with industries including automotive, electronics, and consumer goods dominating the region. Programmable robots are increasingly used in these industries to perform tasks requiring precision, speed, and repeatability. As companies seek to optimize production processes, robots are expected to become more popular in manufacturing.

According to PMR, approximately 35% of the market will be captured by 2033. The projection indicates that by 2033 China will generate US$ 833.6 million. China's programmable robots market is anticipated to grow at a 13.1% CAGR between 2023 and 2033.

Increasing adoption of robotic kits for academic purposes in schools, colleges, and research institutions also fuels the market growth of programmable robots. Consumers are increasingly adopting programmable robotics in the elderly population. Furthermore, the Chinese dominated the Asia Pacific programmable robots market, whereas India accounted for the fastest growth.

Category-wise Insights

How are Hardware Components Dominating the Global Programmable Robot Market?

Continual Innovation and Demand for Compact Components is Likely to expand the Market

According to the component, the market is segmented into the hardware and software market. Over the next few years, hardware components are predicted to dominate the market. According to forecasts, hardware component sales will grow at a CAGR of 12% between 2023 and 2033.

The growing demand for robots in industrial sectors will lead to a rise in the market for hardware components. Increasing demand for robot actuators, which are used to provide physical movement and manipulation capabilities for robots, is likely to boost demand for programmable robot hardware.

The market will receive a boost from the continued development of AI and sensors that can assist robots in making decisions. Optical, proximity, touch, and sound sensors are expected to be in high demand. As a key component of robot hardware, communication interfaces provide robots with the ability to communicate with networks and other devices.

Continuous advancements in hardware components and demand for cost-effective components are expected to drive the market. The power source of a robot is an integral part of the hardware, as it provides the robot with the energy it needs to function. As portable and self-contained power sources, batteries are commonly used in mobile robots. The demand for hardware components is likely to increase in the years to come as a result of all these factors.

Which Application is Expected to Lead the Programmable Robot Market?

Education Segment will continue to Lead the Market and is Expected to Grow Steadily During the Forecast Period

Educational applications are expected to drive demand for programmable robots. By 2033, the programmable robot market in education is expected to grow at a CAGR of 11.9%. With the growth of educational institutions and a growing demand for advanced technologies, programmable robots will be in high demand.

Growing competition and demand for interactive learning systems in various institutions are expected to grow the market. Programs that promote education and encourage educational projects will increase demand for programmable robots in the market.

Various regions have recognized the importance of science, technology, engineering, and mathematics (STEM) education. Students' skills in robotics and programming are being nurtured by governments and educational institutions through curriculum integration. Hands-on learning and practical applications of STEM concepts can be greatly enhanced by programmable robots.

Competitive Landscape

Numerous technology companies are developing programmable robot devices. Offering a wide range of products, excellent marketing strategies, and high technical expertise is essential for gaining a significant share of the market. Innovative products can be developed by combining the strengths of different companies.

New products and technologies are often developed through research and development. Existing products can be improved or new ones can be developed to gain a competitive advantage.

• In April 2023, SynSense, a maker of neuromorphic chips, plans to raise more than 200 million RMB ($29 million) in its B-round financing. Zurich-based Maxvision was funded with $10 million in March through Ausvic Capital, followed by an undisclosed amount in April from Chinese venture capital firm RunWoo and multimodal biometrics firm Maxvision.
• In May 2023, Sphero RVR+, announced the release of the new and improved the company's newest and most advanced robot, built specifically for me and high schools and makerspaces. With the Sphero RVR+ Multi-Pack for classrooms, teachers can equip their classes with six RVR+ robots as well as a step-by-step Educator Guide with activity suggestions. With the multi-pack option, teachers can easily implement and teach computer science concepts in middle and high school classrooms and makerspaces - no programming experience is required.

Programmable Robots Industry Report Scope

Programmable Robots Market Outlook by Category

By Component:

• Hardware
• Software

By Application:

• Entertainment
• Education
• Household
• Other

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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